Germany's Deutsche Boerse (DB1Gn.DE) is in advanced talks to buy NYSE Euronext (NYX.N), and the London Stock Exchange (LSE.L) has agreed to buy Canadian stock market operator TMX (X.TO), as exchanges globally look for ways to boost their markets and cut costs. Together, Deutsche Boerse and NYSE Euronext would dominate exchange trading in continental Europe. The companies said they could cut costs by 300 million euros ($408.7 million) a year. The combined group would have headquarters in New York and Frankfurt, with Deutsche Boerse shareholders holding about 60 percent of the combined company and NYSE shareholders holding the rest. The companies disclosed their talks on Wednesday.
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